Berry Corporation (NASDAQ:BRY) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Todd Crabtree - Investor Relations Fernando Araujo - Chief Executive Officer & Director Danielle Hunter - President Michael Helm - VP, Chief Financial Officer & Chief Accounting Officer Conference Call Participants Charles Meade - Johnson Rice Michael Schwartz - Jefferies Jay Spencer - Stifel Nicolaus Operator Welcome to the Berry Corporation Q3 2024 Earnings Call. At this time, all speakers are ...

FOCUSED A Western US Energy Company 2024 Q3 Earnings November 7, 2024 - Investor Presentation Scan with phone camera to browse to IR Reports Page bry.com ir@bry.com 661-616-3811 1 Disclaimer The information in this document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this document that address plans, activities, events, objecti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________ to _______________ Commission file number 001-38606 Berry Corporation (bry) (Exact name of registrant as specified in its charter) Delaware (State of ...

PRESS RELEASE For Immediate Release Berry Corporation Reports Third Quarter 2024 Results Refinances Debt, Announces Uinta Basin Opportunities, and Declares Quarterly Dividend DALLAS, TX - November 7, 2024 (GLOBE NEWSWIRE) – Berry Corporation (bry) (NASDAQ: BRY) ("Berry" or the "Company") today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a t ...

Berry Petroleum (BRY) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.67%. A quarter ago, it was expected that this independent upstream energy company would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%. Over the last ...

Core Viewpoint - Rising oil prices are negatively impacting the refining business due to increased input costs, while a slowdown in oil production growth is expected to reduce profits from upstream operations. The growing demand for renewable energy adds uncertainty to the future of the Zacks Oil & Gas US Integrated industry [1] Industry Overview - The Zacks Oil & Gas US Integrated industry includes companies involved in upstream and midstream energy businesses, focusing on oil and natural gas exploration and production, as well as transportation and storage [2] Trends Shaping the Industry - **Refining Business Cost Pressures**: With oil prices around $70 per barrel, integrated energy companies face significant pressure on refining operations due to higher crude oil costs, which challenge profitability [3] - **Slowdown in Production Growth**: A slowdown in oil production growth is driven by shareholder demands for capital returns rather than production expansion, leading to decreased output and revenues for upstream operations [4] - **Growing Demand for Renewables**: Increased emphasis on renewable energy is expected to reduce demand for fossil fuel products, negatively impacting integrated energy firms focused on oil and gas [5] Industry Performance and Valuation - **Zacks Industry Rank**: The Zacks Oil & Gas US Integrated industry ranks 209, placing it in the bottom 16% of over 250 Zacks industries, indicating dull near-term prospects [6] - **Market Performance**: The industry has underperformed the broader Zacks Oil - Energy sector and the S&P 500, declining 9.2% over the past year compared to the sector's growth of 6.6% and the S&P 500's increase of 39.2% [6] - **Current Valuation**: The industry is trading at an EV/EBITDA ratio of 4.61X, lower than the S&P 500's 19.51X but higher than the sector's 3.37X [7] Companies to Watch - **Berry Corporation (BRY)**: Engaged in exploration and production with operations in low-decline oil and gas reserves, BRY has a strong liquidity position and a solid balance sheet [9] - **Cactus Inc. (WHD)**: Benefits from high crude prices as it sells or rents products for drilling and completing onshore unconventional wells, while focusing on minimizing environmental impact [10] - **Epsilon Energy Ltd. (EPSN)**: Focused on oil and natural gas exploration and production, with a strong presence in prolific U.S. resources like the Permian and Marcellus shale plays [11]

EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE: BERY) (“Berry”) and Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) announced today that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business (“HHNF Business”). The spin-off and merger of Berry’s HHNF Business with Glatfelter are expected to be completed on November 4, 2024, subject t ...

DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ: BRY) ("Berry" or the "Company") today announced it will report third quarter 2024 results on Thursday, November 7, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date: Thursday, November 7, 2024 Call Time: 11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join t ...

EVANSVILLE, Ind. and CHARLOTTE, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Berry Global Group, Inc. (NYSE:BERY) ("Berry") and Glatfelter Corporation (NYSE:GLT) ("Glatfelter") announced today that Treasure Escrow Corporation (the "Issuer"), currently an indirect, wholly owned subsidiary of Berry, priced and upsized its previously announced offering to $800 million aggregate principle amount of its senior secured notes due 2031 (the "Notes"). The Notes are being offered by the Issuer in connection with the previ ...

. . . Bri-Chem Closes Extension on Its Senior Banking Facility October 09, 2024 6:00 PM EDT | Source: Bri-Chem Corp. Edmonton, Alberta--(Newsfile Corp. - October 9, 2024) - Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF) ("Bri-Chem" or "Company"), a leading North American oilfield chemical distribution and blending company, is pleased to announce that it has entered into an agreement with the Canadian Imperial Bank of Commerce ("CIBC") to renew its senior credit facilities ("ABL Facility") with a borrowing base of ...